The Sajjan-Jindal-led JSW Energy on Wednesday said its arm JSW Neo Energy has agreed to buy Mytrah Energy’s 1.75-gigawatt (Gw) rene¬wable energy assets for Rs 10,530 crore in its largest deal, so far. This is the third-biggest acquisition in the renewable energy space in India.
If the deal goes through, it will take JSW Energy’s operational generation capacity by over 35 per cent to 6.53 Gw, from 4.78 Gw currently. The deal is subject to approval from the Comp¬etition Commission of India, the firm said.
The top two deals in the sector are Adani Green’s acquisition of SB Energy India, owned by SoftBank and Bharti Enterprises, in 2021 for nearly Rs 25,566 crore, and ReNew Power’s acquisition of Ostro Energy for Rs 10,800 crore in 2018.
